Home Depot Inc (HD) is Godsey & Gibb Associates’ 3rd Largest Position
Godsey & Gibb Associates reduced its stake in Home Depot Inc (NYSE:HD) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,198 shares of the home improvement retailer’s stock after selling 5,348 shares during the period. Home Depot makes up about 2.9% of Godsey & Gibb Associates’ holdings, making the stock its 3rd largest holding. Godsey & Gibb Associates’ holdings in Home Depot were worth $17,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of the company. Wela Strategies Inc. purchased a new stake in shares of Home Depot in the second quarter worth $217,000. Beach Investment Management LLC. raised its position in Home Depot by 1,023.1% during the second quarter. Beach Investment Management LLC. now owns 68,511 shares of the home improvement retailer’s stock valued at $10,510,000 after purchasing an additional 62,411 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in Home Depot by 4.3% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 71,839 shares of the home improvement retailer’s stock valued at $11,020,000 after purchasing an additional 2,945 shares in the last quarter. Zweig DiMenna Associates LLC purchased a new stake in Home Depot during the second quarter valued at about $445,000. Finally, TRUE Private Wealth Advisors raised its position in Home Depot by 2.0% during the second quarter. TRUE Private Wealth Advisors now owns 6,516 shares of the home improvement retailer’s stock valued at $999,000 after purchasing an additional 126 shares in the last quarter. 70.59% of the stock is owned by hedge funds and other institutional investors.
Shares of HD stock opened at $178.16 on Wednesday. The company has a quick ratio of 0.38, a current ratio of 1.17 and a debt-to-equity ratio of 16.69. The stock has a market capitalization of $206,808.36, a PE ratio of 24.47, a P/E/G ratio of 1.42 and a beta of 1.14. Home Depot Inc has a 12 month low of $144.25 and a 12 month high of $207.60.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 8th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Wednesday, March 7th. This is a boost from Home Depot’s previous quarterly dividend of $0.89. This represents a $4.12 annualized dividend and a dividend yield of 2.31%. Home Depot’s dividend payout ratio (DPR) is presently 56.59%.
Home Depot announced that its board has initiated a stock buyback program on Wednesday, December 6th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the home improvement retailer to purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
A number of research firms have weighed in on HD. Telsey Advisory Group raised their price target on Home Depot from $180.00 to $190.00 and gave the company an “outperform” rating in a research report on Monday, December 4th. Robert W. Baird restated an “outperform” rating and set a $195.00 price target on shares of Home Depot in a research report on Thursday, November 30th. SunTrust Banks raised their price target on Home Depot from $167.00 to $175.00 and gave the company a “hold” rating in a research report on Thursday, December 7th. Credit Suisse Group raised their price target on Home Depot from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Finally, Bank of America restated a “buy” rating and set a $190.60 price target (down previously from $219.00) on shares of Home Depot in a research report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $193.15.
In related news, EVP Ann Marie Campbell sold 37,680 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $186.26, for a total value of $7,018,276.80. Following the sale, the executive vice president now directly owns 53,459 shares of the company’s stock, valued at $9,957,273.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Armando M. Codina bought 6,650 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was acquired at an average cost of $178.66 per share, for a total transaction of $1,188,089.00. Following the completion of the purchase, the director now directly owns 42,300 shares of the company’s stock, valued at $7,557,318. The disclosure for this purchase can be found here. Insiders sold 169,027 shares of company stock worth $31,220,882 over the last three months. 0.26% of the stock is owned by insiders.
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Home Depot Profile
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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